In a significant move aimed at reinforcing economic ties between the world's two largest economies, U.S. Treasury Secretary Janet Yellen has reiterated the United States' commitment to maintaining a robust economic relationship with the Chinese mainland. During her press conference in Beijing on Monday, Yellen explicitly stated that the U.S. does not seek to decouple from China.
This statement marks Yellen's second visit to China in less than a year, highlighting the ongoing efforts to sustain and enhance bilateral economic cooperation. Her remarks underscored the importance of open economic channels and mutual growth.
Following Yellen's statements, China's Ministry of Finance issued a welcoming response, appreciating the U.S. position against decoupling. The ministry called for an end to the sanctions and restrictions targeting Chinese firms, emphasizing a shared interest in maintaining open and fair economic exchanges.
Both nations reaffirmed their November commitments to strengthen communication, prevent decoupling, and address mutual challenges. This mutual reinforcement aims to navigate the complexities of the global economic landscape, ensuring stability and prosperity for both countries.
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Yellen affirms U.S.-China economic bonds, rejects decoupling
cgtn.com
